alleryStart learning →Which is a valid sub-class for long-term loans and advances?
ACurrent, considered good
BFully paid, considered good
CUnsecured, considered good
DQuoted, considered good
Answer & Solution
Correct answer: C. Unsecured, considered good
Loans and advances are sub-classified as secured considered good, unsecured considered good, and doubtful.
Keep practising Schedule III Division I Financial Statements
Browse all Schedule III Division I Financial Statements questions for CA Inter, or explore more Accounting topics.
Related questions
Subsidiaries not consolidated must be listed along withTransactions unrecorded in books but surrendered as income in tax assessments are shown asExport earnings in foreign exchange are disclosed on which basis?Imports must be disclosed on which valuation basis?A trading company discloses, under broad heads, itsA manufacturing company reports raw materials underDisclosure of CSR expenditure applies to companies covered underA separate item threshold is 1% of revenue or Rs 1,00,000, whichever is higher. For Rs 5 c